Texas Business

Orion Real Estate Partners Acquires 199-Unit Value-Add Apartment Complex in Austin MSA

15 01 2018

LOS ANGELES and AUSTIN, Texas, Jan. 15, 2018 -- L.A. based Orion Real Estate Partners ("Orion") announced today that it has closed on the acquisition of Triple Crown 2 Apartments, a garden-style apartment community in Austin, Texas. Built in 1973, the 199-unit property is located approximately 4.5 miles from The University of Texas at Austin, 5.5 miles from downtown Austin, and 6.5 miles from The Domain. Also within 1 mile of the property are the redevelopments of Austin Community College/Highland Business Center and Mueller Airport.   Triple Crown 2 is well-located to cater to an underserved workforce renter population that has been priced out of newer properties in the market. Orion plans to spend approximately $1.8 million to improve the property's exterior and amenities and renovate the unit interiors. CBRE Multifamily Capital provided an attractive 10-year fixed rate acquisition loan through the Fannie Mae Green Financing loan program.  The Property Society will...

Spark Energy, Inc. Announces Buyout of Verde Earnout Obligations

15 01 2018

HOUSTON, Jan. 15, 2018 -- Spark Energy, Inc. ("Spark" or the "Company") (NASDAQ:SPKE), an independent retail energy services company, announced today that the Company and Verde Energy USA Holdings, LLC (“Verde”) have agreed to terminate the earnout provisions of the purchase and sale transaction in which Spark acquired Verde’s operating subsidiaries in July 2017.Pursuant to the Membership Interest and Stock Purchase Agreement (“MIPA”) entered into between the Company, its subsidiary, and Verde on May 5, 2017, the Company was obligated to pay 100% of the Adjusted EBITDA earned by the Verde Companies for the 18 months following closing that exceeds certain thresholds, subject to the Verde Companies’ ability to achieve defined customer count criteria. In connection with such obligations, Verde’s existing management continued to operate the business as a separate entity during the earnout period. The buyout transaction provides for a lump sum payment of approximately $6.0 million...

Stream Announces Steve Fisher as Chief Sales Officer at Illinois Launch Event

15 01 2018

DALLAS--(BUSINESS WIRE)--Stream (formerly Stream Energy), a leading direct selling company and provider of connected life services, celebrated the launch of one of its latest energy markets, Illinois, at Navy Pier in Chicago this weekend. Its salesforce of Independent Associates enjoyed a day of fun, personal development, business training and company updates, one of the biggest being the announcement of a new addition to its sales team: Chief Sales Officer Steve Fisher. Fisher is a founding leader of Stream’s direct selling arm and one of its most successful Independent Associates, achieving the highest leadership position possible within the organization and becoming one of its top earners. He has since developed and mentored many other successful Independent Associates and has been a trusted advisor to Stream’s executive team. Prior to starting his Stream business, Fisher held a corporate management role at American Airlines as an analyst of airport operations. As chief sales...

PA Energy Ratings Launches Pennsylvania Energy Comparison Mobile Shopping Apps

15 01 2018

Press Release - updated: Jan 15, 2018 10:00 EST PHILADELPHIA, January 15, 2018 - Electricity Ratings LLC announced the launch of iOS and Droid Pennsylvania Energy Ratings apps today. The apps feature customer reviews and allow users to compare electricity and natural gas suppliers and rates throughout Pennsylvania. The Android and iOS native apps offer all the features of the PAEnergyRatings.com desktop website optimized for the mobile lifestyle. They feature dynamic, residential and small business prices updated daily, as well as the latest news and customer ratings, all designed to simplify the selection of a Pennsylvania electricity provider. Whether a customer is looking to compare the best electricity rates in the PECO, PP&L, MetEd or any of the other deregulated utility footprints in Pennsylvania, the company's goal is to build tools that allow customers to compare the best electricity and natural gas rates, reviews and data to make informed decisions and have...

T3 Named Digital and Social Media Agency of Record for Entire FOCUS Brands® Inc. Portfolio

15 01 2018

AUSTIN, Texas, Jan. 15, 2018 -- T3, the Austin-based innovation agency, has been named Digital and Social Media Agency of Record for FOCUS Brands Inc. Based in Atlanta, Georgia, FOCUS is the franchisor and operator of more than 5,000 ice cream shoppes, bakeries, restaurants and cafes in the United States, the District of Columbia, Puerto Rico and 60 countries worldwide. T3 will assume digital and social media planning responsibilities for the entire portfolio of brands: Auntie Anne's®, Carvel®, Cinnabon®, McAlister's Deli®, Moe's Southwest Grill® and Schlotzsky's®. "As a leading developer of global multi-channel foodservice brands, a great deal of our success is driven through consumer insight and engagement," said Kristen Hartman, SVP Brand Marketing Strategy. "T3 has an outstanding reputation for helping category-defining brands like ours build loyalty through their digital media capabilities, social engagement and top-notch creative." Digital and social...

PA Energy Ratings Launches Pennsylvania Energy Comparison Mobile Shopping Apps

15 01 2018

PHILADELPHIA, Jan. 15, 2018 -- Electricity Ratings LLC announced the launch of iOS and Droid Pennsylvania Energy Ratings apps today. The apps feature customer reviews and allow users to compare electricity and natural gas suppliers and rates throughout Pennsylvania.The Android and iOS native apps offer all the features of the PAEnergyRatings.com desktop website optimized for the mobile lifestyle. They feature dynamic, residential and small business prices updated daily, as well as the latest news and customer ratings, all designed to simplify the selection of a Pennsylvania electricity provider.Whether a customer is looking to compare the best electricity rates in the PECO, PP&L, MetEd or any of the other deregulated utility footprints in Pennsylvania, the company's goal is to build tools that allow customers to compare the best electricity and natural gas rates, reviews and data to make informed decisions and have the best energy shopping experience.The apps can...

Government State & Local Partners LLC (GSLP) Expands Company’s Asia Pacific Presence with Opening of New Office in Shanghai

15 01 2018

AUSTIN, Texas January 15, 2018 Government State & Local Partners LLC (http://www.GSLP.US), a leading government sales, government procurement, government 'public-private' partnerships and government-business consultancy firm today announced the opening of its new mainland China-based office in Shanghai, China. The Shanghai office will be managed and represented by Mr. Daniel Lium. It will provide sales, marketing, consultancy and support to customers and partners within mainland China and the United States. “Shanghai is a major technology hub for mainland China, especially for key markets such as IT, electronics and industrial automation. We believe our team and new office provide for improved business consultancy, local on-the-ground support, and the ability to cater to local customers interested in selling into the U.S. State & Local Government vertical market,” said Gary Massey, Executive Vice-President for Government State & Local Partners LLC (GSLP). “Our...

Timmons Group Opens Dallas, Texas Office

15 01 2018

RICHMOND, Va. January 15, 2018 Timmons Group, a civil engineering and technology firm headquartered in Richmond, VA, announced the opening of their Dallas, Texas office today. This new six-person office will provide civil engineering, land planning and surveying services. Timmons Group has an extensive portfolio of renewable energy and GIS projects throughout the southwest, giving them the opportunity to provide additional civil engineering capabilities and expertise to additional sectors. Led by Robert Gonzalez, PE, the office will focus on residential, institutional, industrial/commercial, mixed-use, and renewable energy projects for local and national developers, builders, and construction firms. Gonzalez has over 17 years of experience in the development and engineering arena, with a strong professional history in the Dallas area. “As we continue to expand our project portfolio west with GIS and renewable energy, the natural next step was to open an office in Dallas,” said Chris...

Smile Brands Inc. Holds Annual Leadership Event

15 01 2018

Steve Bilt, co-founder and CEO, embracing the theme of "Get Loud" with Smile Brands team members The pace of change in the dental industry is accelerating and these meetings are a great way for Smile Brands to keep all our affiliated providers and office staff up to speed. Irvine, CA January 15, 2018 Smile Brands Inc. a leading dental support organization with over 350 locations across 15 states, hosted nearly 1000 people at their Annual Leadership Meeting on January 5-7 in Dallas, Texas. The event brought together some of the nation’s best general and specialty dental providers, practice managers and industry suppliers to celebrate the success of Smile Brands affiliated practices in 2017 and share goals for 2018. “We had a lot to celebrate at this year’s leadership event after a record-setting year that included a 50 percent increase in earnings and being named by Glassdoor as one of the Best Places to Work in the U.S.,” explains Steve Bilt, Smile Brands founder and CEO....

Whirlwind Steel Receives 2017 Platinum Safety Partner Award from Texas Mutual Workers’ Compensation Insurance

15 01 2018

One of our company’s core tenets is to act with purpose, which means following through on all commitments. HOUSTON January 15, 2018 Each year, Texas Mutual Workers’ Compensation Insurance – Texas’ largest provider of workers' compensation – recognizes policyholders with a demonstrated commitment to employee safety through its Work Safe, Texas Program. Just one-third of one percent of policyholders receive this prestigious recognition – and on Sept. 25, Houston-based metal building manufacturer Whirlwind Steel was awarded the 2017 Platinum Safety Partner Award. Of the 68,000 eligible Texas Mutual policyholders, Whirlwind was one of only 200 companies to receive this year’s honor. According to Eric Bourquin, Texas Mutual Vice President of Safety Services, Whirlwind provides “the resources necessary to protect employees from workplace hazards,” as reflected by the company’s “outstanding safety record.” Whirlwind President Ty Sturdivant says the award is...

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